Calabasas Office Park Sells for $78 Million

The three-building Calabasas Park Centre office campus has sold for $78 million.

According to a company statement issued by real estate brokerage Newmark Knight Frank, which handled the transaction, Related Fund Management and Cruzan entered a joint venture to purchase the Calabasas property, which is adjacent to Caruso open-air mall The Commons at Calabasas.

Newmark Knight Frank’s Kevin Shannon, Rob Hannan, Brunson Howard, Michael Moll and Laura Stumm represented seller Kilroy Realty Corp., which had originally developed the site in two phases between 2000 and 2001.